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Thai billionaire buys Zalora Vietnam for US$10 million
Rocket Internet has sold its business rights of Zalora Vietnam and Zalora Thailand to Thailand’s Central Group for US$20 million or US$10 million each, Techcrunch has reported.
Can a Japanese conglomerate rescue Vietnam’s Nghi Son oil refinery?
With Idemitsu and its partner KPI planning to distribute petroleum products from Nghi Son Oil Refinery, a way out for Nghi Son has been found.
Major drink producer Tan Hiep Phat seeks foreign investors
According to the Wall Street Journal, Tan Hiep Phat Beverage Group, one of the largest drink firms in Vietnam, is seeking foreign investors, through selling a minority stake. According to a close source, if the deal is completed, Tan Hiep Phat can be valued up to US$2 billion.
Real estate market warms up, but prices unchanged
Though demand has increased as foreigners are now allowed to own houses in Vietnam, real estate developers dare not raise selling prices.
Fantasy world of corals at the seabed of Vinh Hy Bay
Vinh Hy Bay is known for the blue sea, white sand and relatively unspoiled landscape, suitable for those who love adventure traveling and the sea world.
Foreign brands control domestic natural foods market
Vietnam, an agricultural country which has great advantages to produce natural foods, still has to import products of this kind for domestic consumption.
What does ‘tens of thousands of businesses dying’ really mean?
More than 20,000 businesses were dissolved or stopped operation within one quarter.
Software firms see great potential in home market
More than 60% startups have been using information technology (IT) in their business. Small and medium enterprises now tend to use IT to create their competitiveness, but the IT application index remains modest.
Knowledge is essential - even when painful
As the Korean wave continues to spread across Asia, its latest drama series Descendants of the Sun (Hau due mat troi) has gained popularity among young people in several Asian countries.
More Vietnamese brands acquired by foreign investors
Some Vietnamese brands have left large cities for rural areas, while others are under pressure from foreign competitors as the country integrates more deeply with the world economy.